Lee Chan-jin, Governor of the Financial Supervisory Service, speaks at a press conference in Yeouido, Seoul, on December 1. [FSS] In the wake of significant data breaches affecting major companies like Upbit and Coupang, South Korean financial authorities are advocating for legal reforms aimed at bolstering the security frameworks of…
The events of 2020 have undeniably shaped the landscape of cybersecurity, marking a year fraught with unprecedented challenges. As organizations shifted to remote work due to the COVID-19 pandemic, cybersecurity professionals grappled with the significant increase in remote access to critical company assets, prompting a wave of new security concerns.…
Blockchain & Cryptocurrency, Cybercrime, Cybercrime as-a-Service Public-Private Collaboration Essential for Ransomware Response, Asserts Anne Neuberger Akshaya Asokan (asokan_akshaya) • November 27, 2025 Anne Neuberger, former Deputy NSA for Cyber and Emerging Technologies, White House (Image: ISMG) At a recent event in London, Anne Neuberger, former Deputy National Security Adviser for…
Significant Cryptocurrency Heist Highlights Security Gaps in Self-Custody In June 2024, a group of three men executed a meticulously planned home invasion in the UK, successfully stealing over $4.3 million in cryptocurrency. Dressed as delivery drivers, the assailants forced their way into a residence at gunpoint, coercing the victim into…
Blockchain & Cryptocurrency, Cryptocurrency Fraud, Fraud Management & Cybercrime Also: Obama Twitter Hacker Ordered to Forfeit $5.3 Million Rashmi Ramesh (rashmiramesh_) • November 20, 2025 Image: Shutterstock Information Security Media Group provides a weekly overview of cybersecurity incidents in the digital asset sector. Recently, the co-founders of Samourai Wallet and…
In a notable case of cybercrime, Graham Ivan Clark, an 18-year-old from Florida, has pleaded guilty to charges related to the hacking of numerous high-profile Twitter accounts last summer, a scheme that exploited social media for a large-scale cryptocurrency scam. The outcome of the plea deal includes a three-year prison…
In a significant cybersecurity case, multiple defendants have been implicated in a fraudulent scheme that exploited U.S. employment practices to benefit foreign IT workers, including those in North Korea. The individuals involved facilitated identity fraud, allowing these workers to secure jobs at numerous U.S. companies unjustly. The total estimated earnings…
Fraud Management & Cybercrime, Fraud Risk Management, Regulation Regulatory Pressure Needed for Meta to Address Revenue from Fraudulent Activities Suparna Goswami (gsuparna) • November 14, 2025 (Image: Shutterstock) What would prompt a business to curtail a revenue stream known to exploit its customers? Typically, ethical considerations drive companies to safeguard…
Scam networks across Southeast Asia have reportedly siphoned billions in stolen funds from victims worldwide, prompting United States law enforcement to act decisively against these operations. Authorities have issued warrants to seize Starlink satellite internet terminals, believed to be providing critical connectivity to cybercriminals. Two warrants and their respective affidavits,…
